ARTICLES ABOUT DILUTION BY DATE - PAGE 2

NEW DELHI: The three BJP-led municipal bodies today charged that Delhi Chief Minister Arvind Kejriwal was trying to "dilute their autonomy" and said they will explore legal options to resolve the issue which has broken out with the ruling AAP over the demand for funds. In a joint press meet at the Civic Centre here, the Leaders of the House in North Delhi Municipal Corporation (NDMC) and East Delhi Municipal Corporation (EDMC) charged that the Delhi government was out to undermine them.

NEW DELHI: The Army continues to be against any move to dilute the AFSPA in Jammu and Kashmir even though Chief Minister Mufti Mohmmad Sayeed said he will proceed with phased removal of the controversial Act after consulting the force. "There has been no change in our position as far as Armed Forces Special Powers Act (AFSPA) is concerned," Army sources said when asked about Sayeed's remarks. The Army has from time to time conveyed its apprehensions to the central government against any dilution of AFSPA.

MUMBAI|BENGALURU: For founders of high-growth Indian startups, less is more rewarding. A number of founders who diluted their stakes to a minority as a tradeoff for boosting valuations are now worth millions of dollars. Sachin Bansal and Binny Bansal each hold a 7.5% stake in Flipkart , pegging their individual holdings at more than $800 million (nearly Rs 5,000 crore) based on the $11-billion valuation for India's largest electronic marketplace. Bhavish Aggarwal's 12% stake in the country's largest taxi booking company Ola, which is valued at $1.4 billion, is worth $168 million.

NEW DELHI: For a second time in the past week, Union minister Maneka Gandhi has come out with a view contradictory to that of her government. Expressing opposition to the proposed amendments to the anti-dowry Act, Maneka said the legislation was womenfriendly and should remain unchanged. TOI had reported that the ministry of home affairs was planning changes in the anti-dowry Act citing the growing number of fake cases of dowry harassment. "I don't think the law should be changed.

NEW DELHI: The government is unlikely to go for any dilution of its stake in national carrier Air India in the near future and divestment may be "looked at" once the airline improves its balance sheet. Noting that Air India has seen a marked improvement in its on-time performance, which is being monitored by the Civil Aviation Ministry on a day-to-day basis in the last few weeks, highly-placed sources said that the reason for flight delays like shortage of flight and cabin crew is being addressed by the management.

NEW DELHI: Government today sought to allay concerns that the Indo-US talks may lead to dilution of India's Nuclear Liability Act and asserted that the law has not been amended and the onus of any damages remains with the supplier. Minister of State for Atomic Energy and Space Jitendra Singh also assured members in the Lok Sabha that safety standrads in India's nuclear plants were as good as anywhere in the world and in fact, "more than many other countries". "Overall, there is no amendment in the Act. The onus is still on the suppliers," Singh said during the Question Hour.

NEW DELHI: Prime Minister Narendra Modi today denied any move to reduce compensation to farmers under the Land Acquisition Act or any dilution of the Food Security Act as he sought support of opposition in pushing key legislations in Parliament. "There is a misinformation campaign about Food Security Act. There is no decision by the government to reduce coverage from 67 per cent of the population. It is not being brought down to 40 per cent. Do not spread such myth," he said in Rajya Sabha . He was replying to a debate on Motion of Thanks to the President's Address.

NEW DELHI: Stocks of private sector lenders such as Axis Bank, Yes Bank, ICICI Bank continued their rally for the second straight session on Monday, following the removal of distinction between FII and FDI limits. The finance minister in his Budget speech on Saturday opened up doors for FIIs to buy up to 74 per cent stake in private banks. Earlier, while the foreign investors including FDI and FIIs were allowed to buy up to 74 per cent stake of paid-up voting equity capital, FIIs' participation was earlier restricted to 49 per cent.

NEW DELHI: Government today insisted that no provision related to compensation under the Civil Liability for Nuclear Damage Act (CLND) has been waived off in the recent Indo-US agreement and said the provision of Rs 1500 crore is for immediate compensation only. External Affairs Minister Sushma Swaraj , while replying to queries in Rajya Sabha on the nuclear cooperation agreement with the US, allayed apprehensions that in case of a nuclear incident, victims would get compensation of Rs 1,500 crore only.

NEW DELHI: Government today insisted that no provision related to compensation under the Civil Liability for Nuclear Damage Act (CLND) has been waived in the recent Indo-US agreement and said the provision of Rs 1500 crore is for immediate compensation only. External Affairs Minister Sushma Swaraj , while replying to queries in Rajya Sabha on the nuclear cooperation agreement with the US, allayed apprehensions that in case of a nuclear incident, victims would get compensation of Rs 1,500 crore only.